2011 N Ocean Blvd #302Fort LauderdaleFL33305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fort Lauderdale at 2011 N Ocean Blvd #302, Fort Lauderdale, FL, 33305 offers a 10.71% rental yield on a $624,900 purchase with $5,578/mo rent. Total monthly income registers $5,578/mo, and a $3,059/mo payment leaves $1,431/mo available for distribution. Annual cash flow reaches $17,168/yr on $205,592 to close, and return on cash invested stands at 28.41% in year one. Equity gained on principal adds $4,032/yr while 5% annual appreciation supports $172,648 over five years. Portfolio math shows five-year ROI at 148.99% and total cumulative return in cash at $306,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,578/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33305, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,982 (100%) |
| Owner Occupied HU | 4,074 (51.0%) |
| Renter Occupied HU | 2,665 (33.4%) |
| Vacant Housing Units | 1,243 (15.6%) |
| Median Home Value | $715,647 |
| Average Home Value | $889,149 |
Housing Distribution
Address Breakdown
Residential
6,902
Single Family
4,182
Multi-Family
2,720
Businesses
488
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fer Rey • Post and Post, Inc.
Mls Name: BeachesMLS
Mls ID: #F10535906